Schwab v. Norris

In the court below John A. Schwab, Jr., and Alcova Realty Corporation recovered a judgment against Joseph T. Norris for $17,450, with 8% interest thereon from August 25, 1975 (date of judgment) and 10% attorney’s fee. The recovery was had on a certain promissory negotiable note for $17,450, dated July 15, 1971, signed by Joseph T. Norris, payable 90 days after date to the order of John A. Schwab, Jr./Alcova Realty Corporation. The maker of the note agreed “to pay an attorney’s fee of 18% of the amount of this note for collection in casé payment shall not be made at maturity”. Schwab and…